Stress test, Fed: Citigroup and Bofa need new capitals

52
rate or flag this page

By 自由天使

The Federal Reserve has proposed to Citigroup and Bank of America the possibility of having to launch a capital increase following the outcome of the recent stress test. This is what writes the Wall Street Journal, pointing out that other institutions might be in the same situation. Both banks will now respond to the findings of the Fed to leave, now, from BofA. The titles affected anticipation in European trading in Frankfurt: Bank of America loses 7%, Citigroup 5%.



Banks have already received 90 billion dollars in public funds after the record loss recorded after the explosion of the crisis. The possibility that some institutionsquestioned by Bloomberg. The news weighed, in fact, performance on the securities on the Stock Exchange. might fail the stress test is creating "a lot of anxiety in the market, and trust is essential for the sector, 'says one analyst

BofA deficit would amount to several billion dollars, the newspaper said, quoting people with a good knowledge of the bank. Both institutions are up in arms: In addition to disputing the findings of the preliminary test, plan to meet with a detailed refusal. The refusal of Bank of America could be widespread today.

Stress test was established by the Plan Geithner on Credit to determine the potential required of banks in the event of a worsening crisis. The results of inspections carried out by the supervisor on the 19 largest banks in the United States will be announced on May 4. Include a plan to recapitalize those banks to demonstrate that they needed in the event of further deterioration in economic conditions. The authorities have initiated the confrontation with the banks about the results for some days. According to Morgan Stanley analysts also SunTrust Banks Inc., KeyCorp and Regions Financial Corp. will need new capital.

Stress test, Fed: Citigroup and Bofa need new capitals in the News

  • Mytheon to hold stress test on MondayBig Download Blog32 hours ago

    Filed under: MMO , RPG Developer Petroglyph Games and publisher True Games Interactive has been developing their free-to-play online action-RPG Mytheon for some time but on Monday they finally let some outside players check out what they have been doing for all this time. On that date Petroglyph will hold a stress test on their servers which the public is invited to sign up for at the game's ...

  • East Europe Banks Pass Stress Tests as Loan Losses Set to RiseBloomberg9 hours ago

    Dec. 18 (Bloomberg) -- Eastern European stress tests show the region’s banks are resilient enough to withstand financial shocks even as higher joblessness and corporate default threaten to swell lenders’ losses, the European Central Bank said.

  • True Games Challenges Players To Put Its Mytheon Servers To The Test Monday, December 21IGN PC Games25 hours ago

    Mytheon (PC) Sign up and participate in the stress test and win a spot in the closed Beta, exclusive prizes items and more.

Print   —   Rate it:  up  down  flag this hub

Comments

RSS for comments on this Hub

No comments yet.

Submit a Comment

Members and Guests

Sign in or sign up and post using a hubpages account.


optional


  • No HTML is allowed in comments, but URLs will be hyperlinked
  • Comments are not for promoting your hubs or other sites

working